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Aujourd’hui — 30 avril 2024Slashdot

G7 Reaches Deal To Exit From Coal By 2035

Par : BeauHD
30 avril 2024 à 03:30
An anonymous reader quotes a report from Reuters: Energy ministers from the Group of Seven (G7) major democracies reached a deal to shut down their coal-fired power plants in the first half of the 2030s, in a significant step towards the transition away from fossil fuels. "There is a technical agreement, we will seal the final political deal on Tuesday," said Italian energy minister Gilberto Pichetto Fratin, who is chairing the G7 ministerial meeting in Turin. On Tuesday the ministers will issue a final communique detailing the G7 commitments to decarbonize their economies. Pichetto said the ministers were also pondering potential restrictions to Russian imports of liquefied natural gas to Europe which the European Commission is due to propose in the short-term. The agreement on coal marks a significant step in the direction indicated last year by the COP28 United Nations climate summit to phase out fossil fuels, of which coal is the most polluting. Italy last year produced 4.7% of its total electricity through a handful of coal-fired stations. Rome currently plans to turn off its plants by 2025, except on the island of Sardinia where the deadline is 2028. In Germany and Japan coal has a bigger role, with the share of electricity produced by the fuel higher than 25% of total last year. "This is another nail in the coffin for coal," said Dave Jones, Ember's Global Insights program director. "The journey to phase out coal power has been long: it's been over seven years since the UK, France, Italy, and Canada committed to phase out coal power, so it's good to see the United States and especially Japan at last be more explicit on their intentions." "The problem is that whilst coal power has already been falling, gas power has not. G7 nations already promised to 'fully or predominantly' decarbonize their power sectors by 2035, and that would mean phasing out not only coal by 2035 but also gas. Coal might be the dirtiest, but all fossil fuels need to be ultimately phased out." Further reading: Countries Consider Pact To Reduce Plastic Production By 40% in 15 Years

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Tether Buys $200 Million Majority Stake In Brain-Computer Interface Company

Par : BeauHD
30 avril 2024 à 02:02
Crypto company Tether announced Monday that it has invested $200 million to acquire a majority stake in brain-computer interface company Blackrock Neurotech via its venture capital division Tether Evo. [The firm is not related to the asset management giant BlackRock.] CoinDesk reports: Blackrock Neurotech develops medical devices that are powered by brain signals and aims to help people impacted by paralysis and neurological disorders. The investment will fund the roll-out and commercialization of the medical devices and also for research and development purposes, the press release said. Tether is the company behind USDT, the largest stablecoin with a market cap of $110 billion. Recently, Tether established four divisions to expand beyond stablecoin issuance. "Tether has long believed in nurturing emerging technologies that have transformative capabilities, and the Brain-Computer-Interfaces of Blackrock Neurotech have the potential to open new realms of communication, rehabilitation, and cognitive enhancement," Paolo Ardoino, CEO of Tether, said in a statement.

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T2 Linux 24.5 Released

Par : BeauHD
30 avril 2024 à 01:25
ReneR writes: A major T2 Linux milestone has been released, shipping with full support for 25 CPU architectures and several C libraries, as well as restored support for Intel IA-64 Itanium. Additionally, many vintage X.org DDX drivers were fixed and tested to work again, as well as complete support for the latest KDE 6 and GNOME 46. T2 is known for its sophisticated cross compile support and support for nearly all existing CPU architectures: Alpha, Arc, ARM(64), Avr32, HPPA(64), IA64, M68k, MIPS(64), Nios2, PowerPC(64)(le), RISCV(64), s390x, SPARC(64), and SuperH x86(64). T2 is an increasingly popular choice for embedded systems and virtualization. It also still supports the Sony PS3, Sgi, Sun and HP workstations, as well as the latest ARM64 and RISCV64 architectures. The release contains a total of 5,140 changesets, including approximately 5,314 package updates, 564 issues fixed, 317 packages or features added and 163 removed, and around 53 improvements. Usually most packages are up-to-date, including Linux 6.8, GCC 13, LLVM/Clang 18, as well as the latest version of X.org, Mesa, Firefox, Rust, KDE 6 and GNOME 46! More information, source and binary distribution are open source and free at T2 SDE.

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The EU Will Force Apple To Open Up iPadOS

Par : BeauHD
30 avril 2024 à 00:45
As reported by Bloomberg (paywalled), Apple's iPadOS will need to abide by EU's DMA rules, as it is now designated as a gatekeeper alongside the Safari web browser, iOS operating system and the App Store. "Apple now has six months to ensure full compliance of iPadOS with the DMA obligations," reads the EU's blog post about the change. Engadget reports: What does Apple have to do to ensure iPadOS compliance? According to the DMA, gatekeepers are prohibited from favoring their own services over rivals and from locking users into the ecosystem. The software must also allow third parties to interoperate with internal services, which is why third-party app stores are becoming a thing on iPhones in Europe. The iPad, presumably, will soon follow suit. In other words, the DMA is lobbing some serious stink bombs into Apple's walled garden. In a statement published by Forbes, Apple said it "will continue to constructively engage with the European Commission" to ensure its designated services comply with the DMA, including iPadOS. "iPadOS constitutes an important gateway on which many companies rely to reach their customers," wrote Margrethe Vestager, Executive Vice-President in charge of competition policy at the European Commission. "Today's decision will ensure that fairness and contestability are preserved also on this platform."

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WeWork Rejects Adam Neumann's Acquisition Bid, Unveils Restructuring

Par : BeauHD
30 avril 2024 à 00:02
An anonymous reader quotes a report from Business Insider: WeWork has a new plan to get out of bankruptcy -- and it doesn't involve Adam Neumann, who wants to acquire the flexible office provider he created. WeWork announced Monday that it has raised $450 million in equity funding, which it could use to emerge from Chapter 11. The company also said it has a plan in place to "eliminate all of its $4 billion of outstanding, prepetition debt obligations." A vote on the plan -- which has support from the owners of most of WeWork's debt -- is scheduled for May 30, according to Bloomberg. The majority of the funding -- $337 million, to be exact -- would come from Cupar Grimmond, and SoftBank would still own a stake in the company, according to the outlet. But Neumann, who has recently expressed interest in purchasing WeWork for more than $500 million, doesn't plan to go down without a fight. "After misleading the court for weeks, WeWork finally admitted it is trying to sell the company to a group led by Yardi for far less than we are continuing to propose," Susheel Kirpalani, an attorney for Neumann's new real estate startup Flow Global, told Business Insider in a statement, adding, "so we anticipate there will be robust objections to confirming this plan."

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Russia Issues Arrest Warrant For Ex-Chess Champion Garry Kasparov

Par : BeauHD
29 avril 2024 à 23:20
Longtime Slashdot reader ArchieBunker shares a report from The Mirror: The city court in Syktyvkar, the largest city in Russia's northwestern Komi region, announced it had arrested [former world chess champion Garry Kasparov] in absentia alongside former Russian parliament member Gennady Gudkov, Ivan Tyutrin co-founder of the Free Russia Forum -- which has been designated as an "undesirable organization in the country -- as well as former environmental activist Yevgenia Chirikova. All were charged with setting up a terrorist society, according to the court's press service. As all were charged in their absence, none were physically held in custody. "The court has selected a measure of restraint for Garry Kasparov, Gennady Gudkov, Yevgenia Chirikova and Ivan Tyutrin, charged with establishing and heading a terrorist society, funding terrorist activity and justifying it publicly," the court said according to Kremlin-backed outlet TASS. "The court granted the investigative bodies' motions to remand Kasparov, Gudkov, Chirikova and Tyutrin in custody as a measure of restraint." Kasparov responded to the court's bizarre arrest statement in an April 24 post shared on X, formerly Twitter. "In absentia is definitely the best way I've ever been arrested," he said. "Good company, as well. I'm sure we're all equally honored that Putin's terror state is spending time on this that would otherwise go persecuting and murdering." The report notes that Kasparov "found himself in Russian President Vladimir Putin's firing line after he voiced his opposition to the country's leader." The report continues: "He has also pursued pro-democracy initiatives in Russia. But he felt unable to continue living in Russia after he was jailed and allegedly beaten by police in 2012, according to the Guardian. He was granted Croatian citizenship in 2014 following repeated difficulties in Russia."

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Hier — 29 avril 2024Slashdot

Google Lays Off Staff From Flutter, Dart and Python Teams

Par : BeauHD
29 avril 2024 à 22:40
Ahead of its annual I/O developer conference in May, Google has decided to lay off staff across key teams like Flutter, Dart, Python and others. "As we've said, we're responsibly investing in our company's biggest priorities and the significant opportunities ahead," said a Google spokesperson. "To best position us for these opportunities, throughout the second half of 2023 and into 2024, a number of our teams made changes to become more efficient and work better, remove layers, and align their resources to their biggest product priorities. Through this, we're simplifying our structures to give employees more opportunity to work on our most innovative and important advances and our biggest company priorities, while reducing bureaucracy and layers." TechCrunch reports: The company clarified that the layoffs were not company-wide but were reorgs that are part of the normal course of business. Affected employees will be able to apply for other open roles at Google, we're told. [...] Though Google didn't detail headcount, some of the layoffs at Google may have been confirmed in a WARN notice filed on April 24. WARN, or the California Worker Adjustment and Retraining Notification Act, requires employers with more than 100 employees to provide 60-day notice in advance of layoffs. In the filing, Google said it was laying off a total of 50 employees across three locations in Sunnyvale. On social media, commenters raised concerns with the Python layoffs in particular, given the role that Python tooling plays in AI. But others pointed out that Google didn't eliminate its Python team; it replaced that team with another group based in Munich -- at least according to Python Steering Council member Thomas Wouters in a post on Mastodon last Thursday.

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Roku Wants To Use Home Screen For New Types of Ads

Par : BeauHD
29 avril 2024 à 22:02
An anonymous reader quotes a report from The Streamable: Roku wants to take the term "ad-supported" to another level. The company held its quarterly earnings conference call on Thursday, and revealed that 81.6 million households used a Roku device or smart TV to stream video in the first three months of the year. As part of the report, company CEO Anthony Wood laid out ideas for how the company would increase revenues in 2024. Unsurprisingly, advertising will be an important centerpiece of that strategy, and Wood provided some details on what Roku users can expect from their ad experience going forward. The idea of bringing more ads to the Roku home screen is nothing new, but that's what Wood focused on in his discussion with analysts about how to boost revenue on the Roku platform. The company has already begun putting more static ads on the screen, but now it appears that Roku is considering how to get video ads embedded into the home page as well. Wood said that he believes that a video-enabled ad unit on the Roku home screen will be "very popular with advertisers," considering that Roku devices have the reach to put ads in front of 120 million pairs of eyes every day. He also said that the company is "testing other types of video ad units, looking at other experiences" that it can bring to the Roku home screen. As another way to boost ad revenues, Wood suggested that the company's home screen experiences could be leveraged to deliver more ads. He pointed to the NBA Zone, which Roku launched at the beginning of April as an example. Roku can use these themed content hubs to deliver ads more tailored to fans of that particular content, harnessing the power of popular sports to pull more ad revenue. Customers concerned that Roku will just gunk up their home screen with ads are likely wondering if the company has made any moves toward actually making the user experience on the platform better. The good news is that Roku has also introduced a recommended content row, that will compile picks from across various streaming services and use AI to point customers toward new shows and movies they might like. "There's lots of ways we're working on enhancing the home screen to make it more valuable to viewers but also increase the monetization," Wood said.

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À partir d’avant-hierSlashdot

EyeEm Will License Users' Photos To Train AI If They Don't Delete Them

Par : BeauHD
27 avril 2024 à 10:00
Sarah Perez reports via TechCrunch: EyeEm, the Berlin-based photo-sharing community that exited last year to Spanish company Freepik after going bankrupt, is now licensing its users' photos to train AI models. Earlier this month, the company informed users via email that it was adding a new clause to its Terms & Conditions that would grant it the rights to upload users' content to "train, develop, and improve software, algorithms, and machine-learning models." Users were given 30 days to opt out by removing all their content from EyeEm's platform. Otherwise, they were consenting to this use case for their work. At the time of its 2023 acquisition, EyeEm's photo library included 160 million images and nearly 150,000 users. The company said it would merge its community with Freepik's over time. Despite its decline, almost 30,000 people are still downloading it each month, according to data from Appfigures. Once thought of as a possible challenger to Instagram -- or at least "Europe's Instagram" -- EyeEm had dwindled to a staff of three before selling to Freepik, TechCrunch's Ingrid Lunden previously reported. Joaquin Cuenca Abela, CEO of Freepik, hinted at the company's possible plans for EyeEm, saying it would explore how to bring more AI into the equation for creators on the platform. As it turns out, that meant selling their work to train AI models. [...] Of note, the notice says that these deletions from EyeEm market and partner platforms could take up to 180 days. Yes, that's right: Requested deletions take up to 180 days but users only have 30 days to opt out. That means the only option is manually deleting photos one by one. Worse still, the company adds that: "You hereby acknowledge and agree that your authorization for EyeEm to market and license your Content according to sections 8 and 10 will remain valid until the Content is deleted from EyeEm and all partner platforms within the time frame indicated above. All license agreements entered into before complete deletion and the rights of use granted thereby remain unaffected by the request for deletion or the deletion." Section 8 is where licensing rights to train AI are detailed. In Section 10, EyeEm informs users they will forgo their right to any payouts for their work if they delete their account -- something users may think to do to avoid having their data fed to AI models. Gotcha!

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China Reveals Most Detailed Geological Map of the Moon Ever Created

Par : BeauHD
27 avril 2024 à 07:00
Longtime Slashdot reader AmiMoJo shares a report from Nature: The Chinese Academy of Sciences (CAS) has released the highest-resolution geological maps of the Moon yet. The Geologic Atlas of the Lunar Globe, which took more than 100 researchers over a decade to compile, reveals a total of 12,341 craters, 81 basins and 17 rock types, along with other basic geological information about the lunar surface. The maps were made at the unprecedented scale of 1:2,500,000. The CAS also released a book called Map Quadrangles of the Geologic Atlas of the Moon, comprising 30 sector diagrams which together form a visualization of the whole Moon. [...] China will use the maps to support its lunar ambitions and Liu says that the maps will be beneficial to other countries as they undertake their own Moon missions. Three spacecraft have launched aiming for the Moon so far this year, and in May, China intends to send a craft to collect rocks from the Moon's far side.

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Europe Plans To Build 100-Qubit Quantum Computer By 2026

Par : BeauHD
27 avril 2024 à 03:30
An anonymous reader quotes a report published last week by Physics World: Researchers at the Dutch quantum institute QuTech in Delft have announced plans to build Europe's first 100-quantum bit (qubit) quantum computer. When complete in 2026, the device will be made publicly available, providing scientists with a tool for quantum calculations and simulations. The project is funded by the Dutch umbrella organization Quantum Delta NL via the European OpenSuperQPlus initiative, which has 28 partners from 10 countries. Part of the 10-year, 1 billion-euro European Quantum Flagship program, OpenSuperQPlus aims to build a 100-qubit superconducting quantum processor as a stepping stone to an eventual 1000-qubit European quantum computer. Quantum Delta NL says the 100-qubit quantum computer will be made publicly available via a cloud platform as an extension of the existing platform Quantum Inspire that first came online in 2020. It currently includes a two-qubit processor of spin qubits in silicon, as well as a five-qubit processor based on superconducting qubits. Quantum Inspire is currently focused on training and education but the upgrade to 100 qubits is expected to allow research into quantum computing. Lead researcher from QuTech Leonardo DiCarlo believes the R&D cycle has "come full circle," where academic research first enabled spin-off companies to grow and now their products are being used to accelerate academic research.

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Ring Customers Get $5.6 Million In Refunds In Privacy Settlement

Par : BeauHD
27 avril 2024 à 02:02
The FTC is issuing more than $5.6 million in refunds to Ring customers as part of a privacy settlement. The Associated Press reports: In a 2023 complaint, the FTC accused the doorbell camera and home security provider of allowing its employees and contractors to access customers' private videos. Ring allegedly used such footage to train algorithms without consent, among other purposes. Ring was also charged with failing to implement key security protections, which enabled hackers to take control of customers' accounts, cameras and videos. This led to "egregious violations of users' privacy," the FTC noted. The resulting settlement required Ring to delete content that was found to be unlawfully obtained, establish stronger security protections and pay a hefty fine. The FTC says that it's now using much of that money to refund eligible Ring customers. According to a Tuesday notice, the FTC is sending 117,044 PayPal payments to impacted consumers who had certain types of Ring devices -- including indoor cameras -- during the timeframes that the regulators allege unauthorized access took place. Eligible customers will need to redeem these payments within 30 days, according to the FTC -- which added that consumers can contact this case's refund administrator, Rust Consulting, or visit the FTC's FAQ page on refunds for more information about the process.

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Xbox Console Sales Are Tanking As Microsoft Brings Games To PS5

Par : BeauHD
27 avril 2024 à 01:25
In its third-quarter earnings call on Thursday, Microsoft reported a 30% drop in Xbox console sales, after reporting a 30% drop last April. "It blamed the nosedive on a 'lower volume of consoles sold' during the start of 2024," reports Kotaku. From the report: In February, Grand Theft Auto VI parent company Take-Two claimed in a presentation to investors that there were roughly 77 million "gen 9" consoles in people's homes. It didn't take fans long to do the math and speculate that Microsoft had only sold around 25 million Xbox Series X/S consoles to-date. That puts it ahead of the GameCube but behind the Nintendo 64, at least for now. Given the results this quarter as well, it doesn't seem like Game Pass and Starfield have moved the needle much. Maybe that will change once Call of Duty, which Microsoft acquired last fall along with the rest of Activision Blizzard, finally makes its way to Game Pass. Diablo IV only just arrived on the Netflix-like subscription platform this month. But given the fact that the fate of Xbox Series X/S appears to be locked in at this point, it's easy to see why Microsoft is looking at other places it can put its games. Sea of Thieves, the last of four games in this initial volley to come to PS5, dominated the PlayStation Store's top sellers list last week on pre-orders alone. CEO Satya Nadella specifically called this out during a call with investors, noting that Microsoft had more games in the top 25 best sellers on PS5 than any other publisher. "We are committed to meeting players where they are by bringing great games to more people on more devices," he said. If players there continue to flock to the live-service pirate sim, it's not hard to imagine Microsoft bringing another batch of its first-party exclusives to the rival platform. Whether that means more recent blockbusters like Starfield or the upcoming Indiana Jones game will someday make the journey remains to be seen.

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Court Upholds New York Law That Says ISPs Must Offer $15 Broadband

Par : BeauHD
27 avril 2024 à 00:45
The U.S. Court of Appeals for the 2nd Circuit overturned a prior district court decision, lifting the injunction that blocked New York's law mandating that ISPs offer $15 broadband plans to low-income families. Ars Technica reports: The ruling (PDF) is a loss for six trade groups that represent ISPs, although it isn't clear right now whether the law will be enforced. For consumers who qualify for means-tested government benefits, the state law requires ISPs to offer "broadband at no more than $15 per month for service of 25Mbps, or $20 per month for high-speed service of 200Mbps," the ruling noted. The law allows for price increases every few years and makes exemptions available to ISPs with fewer than 20,000 customers. "First, the ABA is not field-preempted by the Communications Act of 1934 (as amended by the Telecommunications Act of 1996), because the Act does not establish a framework of rate regulation that is sufficiently comprehensive to imply that Congress intended to exclude the states from entering the field," a panel of appeals court judges stated in a 2-1 opinion. Trade groups claimed the state law is preempted by former Federal Communications Commission Chairman Ajit Pai's repeal of net neutrality rules. Pai's repeal placed ISPs under the more forgiving Title I regulatory framework instead of the common-carrier framework in Title II of the Communications Act. 2nd Circuit judges did not find this argument convincing: "Second, the ABA is not conflict-preempted by the Federal Communications Commission's 2018 order classifying broadband as an information service. That order stripped the agency of its authority to regulate the rates charged for broadband Internet, and a federal agency cannot exclude states from regulating in an area where the agency itself lacks regulatory authority. Accordingly, we REVERSE the judgment of the district court and VACATE the permanent injunction."

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Fake Job Interviews Target Developers With New Python Backdoor

Par : BeauHD
27 avril 2024 à 00:02
An anonymous reader quotes a report from BleepingComputer: A new campaign tracked as "Dev Popper" is targeting software developers with fake job interviews in an attempt to trick them into installing a Python remote access trojan (RAT). The developers are asked to perform tasks supposedly related to the interview, like downloading and running code from GitHub, in an effort to make the entire process appear legitimate. However, the threat actor's goal is make their targets download malicious software that gathers system information and enables remote access to the host. According to Securonix analysts, the campaign is likely orchestrated by North Korean threat actors based on the observed tactics. The connections are not strong enough for attribution, though. [...] Although the perpetrators of the Dev Popper attack aren't known, the tactic of using job lures as bait to infect people with malware is still prevalent, so people should remain vigilant of the risks. The researchers note that the method "exploits the developer's professional engagement and trust in the job application process, where refusal to perform the interviewer's actions could compromise the job opportunity," which makes it very effective.

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IRS Free Tax Filing Pilot Saved Consumers $5.6 Million In Prep Fees

Par : BeauHD
26 avril 2024 à 23:20
The free tax filing pilot from the IRS that rolled out in 12 states last month saved filers an estimated $5.6 million in tax preparation fees for federal returns, said IRS Commissioner Danny Werfel. CNBC reports: This season, more than 140,000 taxpayers successfully filed returns using IRS Direct File, a free tax filing pilot from the IRS, according to the U.S. Department of the Treasury and the IRS. Direct File surveyed more than 15,000 users, around 90% of whom rated their experience as "excellent," the agencies reported. "We have not made a decision about the future of Direct File," Werfel said, noting the agency still needs to analyze data and get feedback from a "wide variety of stakeholders." The IRS plans to release a more detailed report about the Direct File pilot "in the coming days," he added. If Direct File were expanded for the next season, the program could add additional states and tax situations, according to a senior IRS official. The agency expects to decide the future of Direct File later this spring, Werfel said.

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45 Drives Adds Linux-Powered Mini PCs, Workstations To Growing Compute Lineup

Par : BeauHD
26 avril 2024 à 22:40
Tobias Mann reports via The Register: Canadian systems builder 45 Drives is perhaps best known for the dense multi-drive storage systems employed by the likes of Backblaze and others, but over the last year the biz has expanded its line-up to virtualization kit, and now low-power clients and workstations aimed at enterprises and home enthusiasts alike. 45 Drives' Home Client marks a departure from the relatively large rack-mount chassis it normally builds. Founder Doug Milburn told The Register the mini PC is something of a passion project that was born out of a desire to build a better home theater PC. Housed within a custom passively cooled chassis built in-house by 45 Drive's parent company Protocase, is a quad-core, non-hyperthreaded Intel Alder Lake-generation N97 processor capable of boosting to 3.6GHz, your choice of either 8GB or 16GB of memory, and 250GB of flash storage. The decision to go with a 12-gen N-series was motivated in part by 45 Drives' internal workloads, Milburn explains, adding that to run PowerPoint or Salesforce just doesn't require that much horsepower. However, 45 Drives doesn't just see this as a low-power PC. Despite its name, the box will be sold under both its enterprise and home brands. In home lab environments, these small form factor x86 and Arm PCs have become incredibly popular for everything from lightweight virtualization and container hosts to firewalls and routers. [...] In terms of software, 45 Drives says it will offer a number of operating system images for customers to choose from at the time of purchase, and Linux will be a first-class citizen on these devices. It's safe to say that Milburn isn't a big fan of Microsoft these days. "We run many hundreds of Microsoft workstations here, but we're kind of moving away from it," he said. "With Microsoft, it's a control thing; it's forced updates; it's a way of life with them." Milburn also isn't a fan of Microsoft's registration requirements and online telemetry. "We want control over what all our computers do. We want no traffic on our network that's out of here," he said. As a result, Milburn says 45 Drives is increasingly relying on Linux, and that not only applies to its internal machines but its products as well. Having said that, we're told that 45 Drives recognizes that Linux may not be appropriate for everyone and will offer Windows licenses at an additional cost. And, these both being x86 machines, there's nothing stopping you from loading your preferred distro or operating system on them after they've shipped. These workstations aren't exactly cheap. They start at $1,099 without the dedicated GPU. "The HL15 will set you back $799-$910 for the bare chassis if you opted for the PSU or not," adds The Register. "Meanwhile, a pre-configured system would run you $1,999 before factoring in drives."

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Thoma Bravo To Take UK Cybersecurity Company Darktrace Private In $5 Billion Deal

Par : BeauHD
26 avril 2024 à 22:00
An anonymous reader quotes a report from TechCrunch: Darktrace is set to go private in a deal that values the U.K.-based cybersecurity giant at around $5 billion. A newly formed entity called Luke Bidco Ltd., formed by private equity giant Thoma Bravo, has tabled an all-cash bid of $7.75 per share, which represents a 44% premium on its average price for the three-month period ending April 25. However, this premium drops to just 20% when juxtaposed against Darktrace's closing price Thursday, as the company's shares had risen 20% to 5.18 pounds in the past month. Founded out of Cambridge, U.K., in 2013, Darktrace is best known for AI-enabled threat detection smarts, using machine learning to identify abnormal network activity and attempts at ransomware attacks, insider attacks, data breaches and more. The company claims big-name customers including Allianz, Airbus and the city of Las Vegas. After raising some $230 million in VC funding and hitting a private valuation of $1.65 billion, Darktrace went public on the London Stock Exchange in April 2021, with an opening-day valuation of $2.4 billion. Its shares hit an all-time high later that year of 9.45 pounds and plummeted to an all-time low of 2.29 pounds last February. But they had been steadily rising since the turn of the year and hadn't fallen below 4 pounds since the beginning of March. The full valuation based on Thoma Bravo's offer amounts to $5.3 billion on what is known as a full-diluted basis, which takes into account all convertible securities and is designed to give a more comprehensive view of a company's valuation. However, the enterprise value in this instance is approximately $4.9 billion, which includes additional considerations such as debt and cash positions. [...] The deal is of course still subject to shareholder approval, but the companies said that they expect to complete the transaction by the end of 2024. "The proposed offer represents an attractive premium and an opportunity for shareholders to receive the certainty of a cash consideration at a fair value for their shares," Darktrace chair Gordon Hurst said. "The proposed acquisition will provide Darktrace access to a strong financial partner in Thoma Bravo, with deep software sector expertise, who can enhance the company's position as a best-in-class cyber AI business headquartered in the U.K."

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Honda To Spend $11 Billion On Four EV Factories In North America

Par : BeauHD
26 avril 2024 à 10:00
Jonathan M. Gitlin reports Ars Technica: Honda announced today that it will spend $11 billion to expand its electric vehicle manufacturing presence in North America. The Japanese automaker already has a number of factories in the US, Mexico, and Canada, and it's this last one that will benefit from the expansion, with four EV-related plants planned for Ontario. Honda says it has begun evaluating requirements for what it's calling an "innovative and environmentally responsible" EV factory and a standalone EV battery plant in Alliston, Ontario, which is already home to Honda's two existing Canadian manufacturing facilities. Additionally, the automaker wants to set up another two sites as joint ventures. One will be a plant that processes cathode active materials and their precursors -- the various elements like nickel and manganese that are combined with lithium in lithium-ion batteries -- set up in a partnership with POSCO Future M, a South Korean battery material and chemical company. (POSCO is already working with General Motors on another joint venture battery precursor material facility in Betancour, Quebec, that is supposed to become operational in 2026.) A second joint venture will be a partnership with Asahi Kasei, which will manufacture battery separators, the material that keeps the anode and cathode apart. The locations of these two joint ventures have not yet been announced. Honda thinks it will be able to start making EVs in Ontario in 2028 and says the assembly plant will have the capacity to build 240,000 EVs per year. Meanwhile, the battery plant is planned to have an annual output of 36 GWh.

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